Obama, Congress Enacted $352 Billion in Tax Hikes
By Grover Norquist
President Barack Obama and the Democratic Congress enacted $352 billion in net tax hikes. Most were permanent, while most tax cuts were temporary.
There were seven dollars of permanent tax hikes for every dollar of permanent tax cuts.
Gross Tax Cuts Enacted Gross Tax Hikes Enacted
1. S-CHIP (H.R. 2)
No tax relief
S-CHIP Subtotal: $0
2. “Stimulus” (H.R. 1)
Making Work Pay: $79 billion
Education Tax Cuts: $10 billion
First Time Homebuyer: $4.7 billion
Unemployment Exclusion $4.7 billion
Car Sales Tax Deduction $1.7 billion
AMT Patch $69.8 billion
Energy Tax Cuts $20 billion
Business Tax Cuts $6.2 billion
Manufacturing Bonds $1.9 billion
Shovel Ready $19.6 billion
“Stimulus” Subtotal: $217.6 billion
Total “Stimulus” spending: $581 billion
3. Obamacare (H.R. 3590/H.R. 4872)
Exchange Credit: $107 billion
Small Business Credit: $37 billion
Obamacare Subtotal: $144 billion
4. Small Business (H.R. 5297)
Small business expensing: $7.6 billion
Small business tax simplification: $2.4 billion
Other small business tax cuts: $2 billion
Small Business Subtotal: $12 billion
1. S-CHIP (H.R. 2)
Tobacco tax hike: $65.5 billion
S-CHIP Tax Hike Subtotal: $65.5 billion
2. “Stimulus” (H.R. 1)
No tax hikes
“Stimulus” Tax Hike Subtotal: $0
3. Obamacare (H.R. 3590/H.R. 4872)
Individual/Employer Mandate: $65 billion
Cadillac Plan Excise Tax: $32 billion
Interactive Effects: $46 billion
HSA/FSA Taxes: $19.4 billion
Reinsurance/Risk Adj: $106 billion
Small Biz Paperwork Tax: $17.1 billion
Medical Itemized Ded. Tax: $15.2 billion
Medicare/Investment Tax: $210.2 billion
Tanning Salon Tax: $2.7 billion
Excise Taxes and Fees: $112.6 billion
Economic Substance/Misc. $26 billion
Obamacare Tax Hike Subtotal: $652.2 billion
4. Small Business (H.R. 5297)
Homeowner Paperwork Tax: $2.5 billion
“Tax Gap”: $5.5 billion
*N.B. some other “tax hikes” were accidental effects of long-term tax relief and not scored
Small Business Tax Hike Subtotal: $8 billion
Total Gross Tax Cuts: $373.6 billion
(only $107.6 of this amount is permanent)
Total Gross Tax Hikes: $725.7 billion
(the full amount — $725.7 billion, is permanent)
Total Net Tax Hikes This Congress: $352 Billion
President Barack Obama and the Democratic Congress enacted $352 billion in net tax hikes. Most were permanent, while most tax cuts were temporary.
There were seven dollars of permanent tax hikes for every dollar of permanent tax cuts.
Gross Tax Cuts Enacted Gross Tax Hikes Enacted
1. S-CHIP (H.R. 2)
No tax relief
S-CHIP Subtotal: $0
2. “Stimulus” (H.R. 1)
Making Work Pay: $79 billion
Education Tax Cuts: $10 billion
First Time Homebuyer: $4.7 billion
Unemployment Exclusion $4.7 billion
Car Sales Tax Deduction $1.7 billion
AMT Patch $69.8 billion
Energy Tax Cuts $20 billion
Business Tax Cuts $6.2 billion
Manufacturing Bonds $1.9 billion
Shovel Ready $19.6 billion
“Stimulus” Subtotal: $217.6 billion
Total “Stimulus” spending: $581 billion
3. Obamacare (H.R. 3590/H.R. 4872)
Exchange Credit: $107 billion
Small Business Credit: $37 billion
Obamacare Subtotal: $144 billion
4. Small Business (H.R. 5297)
Small business expensing: $7.6 billion
Small business tax simplification: $2.4 billion
Other small business tax cuts: $2 billion
Small Business Subtotal: $12 billion
1. S-CHIP (H.R. 2)
Tobacco tax hike: $65.5 billion
S-CHIP Tax Hike Subtotal: $65.5 billion
2. “Stimulus” (H.R. 1)
No tax hikes
“Stimulus” Tax Hike Subtotal: $0
3. Obamacare (H.R. 3590/H.R. 4872)
Individual/Employer Mandate: $65 billion
Cadillac Plan Excise Tax: $32 billion
Interactive Effects: $46 billion
HSA/FSA Taxes: $19.4 billion
Reinsurance/Risk Adj: $106 billion
Small Biz Paperwork Tax: $17.1 billion
Medical Itemized Ded. Tax: $15.2 billion
Medicare/Investment Tax: $210.2 billion
Tanning Salon Tax: $2.7 billion
Excise Taxes and Fees: $112.6 billion
Economic Substance/Misc. $26 billion
Obamacare Tax Hike Subtotal: $652.2 billion
4. Small Business (H.R. 5297)
Homeowner Paperwork Tax: $2.5 billion
“Tax Gap”: $5.5 billion
*N.B. some other “tax hikes” were accidental effects of long-term tax relief and not scored
Small Business Tax Hike Subtotal: $8 billion
Total Gross Tax Cuts: $373.6 billion
(only $107.6 of this amount is permanent)
Total Gross Tax Hikes: $725.7 billion
(the full amount — $725.7 billion, is permanent)
Total Net Tax Hikes This Congress: $352 Billion
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